Press release
Oncology Biosimilars Market : Segmentation, Opportunities, Trends & Future Scope to 2025
The global oncology biosimilars market is prophesied in a report by Transparency Market Research (TMR) finds highly competitive and highly fragmentation owing to presence of strong players in the market. In order to acquire substantial share and to be part of such intense competition, these key players have adopted strategies such as frequent mergers and acquisitions, product innovations, and geographical expansion. Leading companies in the global oncology biosimilars market that are profiled in this report are Biocon, Celltrion Inc., Dr. Reddy's Laboratories Ltd., Intas Pharmaceuticals Ltd., STADA Arzneimittel AG, Pfizer Inc., Apotex Inc., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, and BIOCAD.The global oncology biosimilars market to expect to expand with a CAGR of 27.5% from 2017 to 2025, for the market to attain the value of US$17,478.2 mn by the end of forecast period considerably up from registered value of US$2,100 mn in 2016. On the basis of disease indication, neutropenia dominates the market owing to patent expiration of well-known oncology biologics coupled with efforts from several governments for developing affordable medicines available to patients. On the basis of region, Asia Pacific accounts for the significant share of the oncology biosimilars market in 2016 owing to availability of cost effective cancer medications with minimal side effects via retail stores in this region.
oncology biosimilars market
Rising Initiatives to Meet Up Demand for Inexpensive Cancer Therapies to Drive Growth
Increasing number of prevalence's of for cancer such as breast cancer, lung cancer, cervical cancer, and stomach cancer is boosting demand for the proper treatment of every type of the caner, in turn is expected to drive the global oncology biosimilars treatment market over the forecast period.
The oncology biosimilars market is projected to be beneficial from rising demand for inexpensive cancer therapies. Cancer is the costliest health disease in terms of diagnosis and treatment. Pharmaceutical companies present worldwide are focused on development of biosimilars and generic medicines to fight cancer at all stages and for the one full treatment of the disease.
Efforts of Key Players to Widen Their Offerings and Patent Expiration to Boost Growth
Increasing number of alliances for development of biosimilar is expected to propel the growth of oncology biosimilars market over the forecast period. Oncology biosimilars are the versions of biologics which are manufactured by numerous companies and has been officially approved for cancer treatment. They are cost-effective and efficient as the original biologic. Adoption of oncology biosimilars for the treatment of cancer is boosting growth of the global oncology biosimilars market.
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Additionally, increasing number of product approvals for treatment of various types of cancer is anticipated to fuel the growth of the market. However, complex manufacturing process and its approval is the major factor restraining growth of the global oncology biosimilars market. Nevertheless, patent expiration is creating lucrative opportunities for the key players in the global oncology biosimilars market.
The information is comprised in the new report by TMR, titled "Oncology Biosimilars Market (Drug Class - G-CSF, Monoclonal Antibodies, and Hematopoietic Agents; Disease Indication - Breast Cancer, Non-small Cell Lung Cancer, Colorectal Cancer, Neutropenia, and Blood Cancer (Leukemia and Non-Hodgkin Lymphoma); and Distribution Channel - Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025."
The global oncology biosimilars market is segmented as follows:
By Drug Class:
G-CSF
mAb
Hematopoetic Agents
By Disease Indication:
Breast Cancer
Non-Small Cell Lung Cancer
Blood Cancer
Leukemia
Myeloid Leukemia
CLL
Others
Non-Hodgkin's Lymphoma
Colorectal Cancer
Neutropenia
Others
By Distribution Channel:
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
By Geography:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Japan
China
India
Australia & New Zealand
Rest of Asia Pacific
Rest of the World
Mexico
Brazil
Rest of ROW
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.
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